Neobanks in Brazil
These 10 are headquartered in Brazil — parsed from the registered base of each company, so the count is complete. Availability is a different and much harder question: it is verified for 21 products in Brazil so far, out of 368 tracked, so a neobank missing from the second table below has not been ruled out — it has not been checked. Corrections are welcome on GitHub.
The 10 based in Brazil
| neobank | type | hq | custody | licence / structure | reported users |
|---|---|---|---|---|---|
| Nubank | traditional | São Paulo, BR | Custodial | Bank licences BR/MX/CO; conditional US OCC approval (2026) | 131M customers (2025) |
| PicPay | traditional | São Paulo, BR | Custodial | Payment institution + bank (BCB) | 58M users (2024) |
| Banco Inter | traditional | Belo Horizonte, BR | Custodial | Bank; Public (INTR) | 35M clients (2025) |
| PagBank | traditional | São Paulo, BR | Custodial | Bank; Public (PAGS) | 32M clients (2024) |
| C6 Bank | traditional | São Paulo, BR | Custodial | Bank licence (BCB) | — |
| Cora | traditional | São Paulo, BR | Custodial | SCFI licence (Central Bank of Brazil, Jul 2024) + payment institution; formerly SCD | — |
| Neon | traditional | São Paulo, BR | Custodial | Payment institution / e-money issuer authorised by Banco Central do Brasil (2021); Neon CTVM brokerage | — |
| NG.cash | traditional | Rio de Janeiro, BR | Custodial | Payment institution (Banco Central do Brasil, e-money issuer licence, May 2025) | — |
| Nomad | traditional | São Paulo, BR | Custodial | Partner bank (Community Federal Savings Bank, US); FX via Ouribank (Brazil) | — |
| Pride Bank | traditional | São Paulo, BR | Custodial | Not a bank; payment arrangement on Digital Banks' rails (BaaS, Brazil) | — |
Also verified as available in Brazil
16 more products are verified as available to customers in Brazil without being based there. This list is as complete as the availability field, which is to say partial.
| neobank | type | hq | custody | licence / structure | reported users |
|---|---|---|---|---|---|
| Wise | traditional | London, UK | Custodial | E-money/payment licences globally | 19M customers (FY26) |
| Revolut | hybrid | London, UK | Custodial | UK banking licence (2024); EU licence (Lithuania) | 50M customers (2025) |
| Crypto.com | hybrid | Singapore, SG | Custodial | MiCA CASP, MAS MPI, US MSBs | — |
| Coinbase Card | hybrid | San Francisco, US | Custodial | US state licences, MiCA; Public (COIN) | — |
| Uphold | hybrid | New York, US | Custodial | FinCEN MSB + state money-transmitter licences (US); FCA-registered cryptoasset firm (UK) | — |
| Nexo | hybrid | Zug, CH | Custodial | EU VASP registrations; MiCA CASP application pending; EEA served via MiCA-licensed Tangany + DLT Finance | — |
| RedotPay | hybrid | Hong Kong, HK | Custodial | Hong Kong MSO, money lender + TCSP licences; VASP (RedotX UAB, Lithuania FCIS); MSB registrations (US/Canada) | — |
| Mercado Pago | hybrid | Buenos Aires, AR | Custodial | Payment/fintech licences region-wide; pursuing MX bank licence | 78M MAU (2025) |
| Lemon | hybrid | Buenos Aires, AR | Custodial | Registered VASP/PSAV (CNV Argentina, No. 162); payment account via Digifin S.A. | — |
| Bitso | hybrid | Mexico City, MX | Custodial | IFPE (MX) + regional VASP licences | — |
| DolarApp | hybrid | Mexico City, MX | Custodial | Digital-dollar (USDC) accounts on regulated partner banks' and custodians' rails; rebranded ARQ 2026 | — |
| Airtm | hybrid | Mexico City, MX | Custodial | MSB registration (FinCEN, No. 31000329787639); USDC-based dollar wallet | — |
| Deel | hybrid | San Francisco, US | Custodial | MSB + US state money-transmitter licences (DPayments); US wallet via Alviere/CFSB; DLUSD via Bridge | — |
| Gnosis Pay | web3-native | Zug, CH | Self-custodial | E-money via Monavate (UK/EU); funds in your own Safe | — |
| MiniPay | web3-native | Oslo, NO | Self-custodial | Self-custodial software | 10M wallets (2025) |
| SurfCash | web3-native | — | Self-custodial | Self-custodial (BVI entity); decentralized protocols + licensed local partners; Circle Alliance | — |
Common questions
Neobanks in Brazil: how many are there?
10 of the 368 neobanks tracked here are headquartered in Brazil. Every entry is verified active and listed on this page with its custody model, licence detail and the regions it serves.
Which are the biggest neobanks in Brazil?
By self-reported users, Nubank, PicPay, Banco Inter and PagBank. Only 4 of these 10 disclose a user figure, so treat any ranking by size as partial rather than complete.
How is this list of neobanks in Brazil built?
These 10 are headquartered in Brazil — parsed from the registered base of each company, so the count is complete. Availability is a different and much harder question: it is verified for 21 products in Brazil so far, out of 368 tracked, so a neobank missing from the second table below has not been ruled out — it has not been checked. Corrections are welcome on GitHub.
Related
Neobanks in United States (63) · Neobanks in United Kingdom (29) · Neobanks in Germany (8) · Neobanks in France (11) · Neobanks in Argentina (9) · Neobanks in Mexico (11) · Neobanks in Colombia (7) · Neobanks in India (12)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.